Eagle Financial Services Inc Declares Quarterly Dividend of $0.31 (NASDAQ:EFSI)

Eagle Financial Services Inc (NASDAQ:EFSI - Get Free Report) declared a quarterly dividend on Monday, April 28th, Wall Street Journal reports. Investors of record on Monday, May 5th will be given a dividend of 0.31 per share on Friday, May 16th. This represents a $1.24 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Monday, May 5th.

Eagle Financial Services has raised its dividend by an average of 3.2% per year over the last three years and has increased its dividend annually for the last 14 consecutive years.

Eagle Financial Services Stock Down 5.9 %

Eagle Financial Services stock traded down $1.92 during mid-day trading on Monday, hitting $30.48. 48,254 shares of the company were exchanged, compared to its average volume of 25,593. The company has a market capitalization of $163.95 million, a P/E ratio of 7.06 and a beta of 0.32. The business has a fifty day moving average of $32.14. Eagle Financial Services has a 1-year low of $27.02 and a 1-year high of $36.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07.

Eagle Financial Services (NASDAQ:EFSI - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.30). Eagle Financial Services had a net margin of 13.59% and a return on equity of 10.92%. The firm had revenue of $4.78 million for the quarter.

Insider Transactions at Eagle Financial Services

In other news, Director Thomas T. Gilpin acquired 1,000 shares of the company's stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $32.00 per share, with a total value of $32,000.00. Following the acquisition, the director now owns 50,490 shares of the company's stock, valued at $1,615,680. This trade represents a 2.02 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EFSI. DA Davidson assumed coverage on shares of Eagle Financial Services in a research report on Tuesday, March 4th. They set a "buy" rating and a $40.00 price target on the stock. Keefe, Bruyette & Woods began coverage on shares of Eagle Financial Services in a research report on Thursday, March 13th. They set an "outperform" rating and a $40.00 target price on the stock.

Eagle Financial Services Company Profile

Eagle Financial Services, Inc operates as the bank holding company for Bank of Clarke County that provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The company's deposit products include checking, NOW, money market, and regular savings accounts; and demand and time deposits.

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